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20130218
20130218
Search Results 0 to 9 of about 10 (some duplicates have been removed)
catch phrases like fiscal cliff and debt ceiling behind us, americans have something to worry about. is sequestration. the spending cuts would be imposed on march 1. democrats proposed a measure to delay cuts. >> we cannot cut investing in education and research and development. we need to get back to balance. >> we are talking to in a half percent of what we spend. this is the first year of 10 years in cuts, after you have to be realistic. families across the country have had their budgets cut by a larger than that. >> $85 billion in cuts could lead to furloughs. the pentagon fears this could have a drastic affect on military. many republicans say this is coming. >> we are here because the president refused to cut spending, and we have grown up with this. >> so there is still some uncertainty over the deadline, senator charles schumer appears confident the sequester will be avoided. >> there are those that do not need a favor of hardly anybody other than themselves and the few whose special interests are protected both sides are looking for a solution. it seems finding a solution h
and the question is when you bump up against it and come up against the debt ceiling and the fiscal cliff usually we put it off but this is one i think that will cause tremendous damage and the -- >> $85 billion. >> with the congress gone for a week when do they have time to negotiate. >> $85 billion in a $3.5 trillion budget. >> and -- >> it will hurt the economy. >> if you lose your job i think it hurts you, don't you think. >> fundamentally, the debt we have at the moment is the bigger problem for the economy and job creation. the president -- >> chris: let me bring karl in here. one, to talk about the sequester and also, in a bigger sense, look at the president's state of the union speech and agenda he laid out and what does it tell us what he wants to do in his second term. >> spend a lot of money and pursue a lot of liberal social policies and also says he's out of touch with the reality of where the country is, the democrats spent the last week going around and saying we don't have a spending problem and on the fox poll 83% of the american people say we have a spending problem, i agree wit
. one crisis to another. when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that we have at the moment is the bigger problem for the economy and job creation in the private sector. >> chris: let me binge karl in to talk about the sequester and look at the president's state of the union speech and agenda he laid out and what does that tell us about what he wants to do in his second term? >> spend a lot of money and pursue a lot of liberal social policies and says he is out of touch with the reality of where the country is. the democrats said we don't have a spending problem. 83% of the american people say we have a pending problem. i agree with kim. $85 billion cut is a 2.4% cut rou
and debt ceiling behindous the americans have sequestration to worry about. if congress takes no action, across the board spending cuts will be imposed on march 1st. democrats on thursday proposed toe delay the cuts. >> we can't cut research and develop and the american people understand that. >> we are talking about 2 1/2% of what we spend this year and this is just the first year of 10 years of cuts. so you have to be realistic about this. families all across the country have had their budgets cut by larger than that. >> reporter: the 85 billion dollars in cuts to federal agencies could lead to furloughs for as many as 2 million workers. the pentagon fears it could have a drastic effect on -- and republicans says it's coming. >> we are here because the president back in the last session of congress refused to cut spending in in anyplace and we wound up with it. >> reporter: there's uncertainty over the deadline senator schumer appears confident the sequester will be avoided. >> their arguments don't meet the favor of hardly anyone other than themselves and the few whose special inter
& 3 remember all thh alk about the debt ceiling ann the fiscal cliff?now there's a new phrrse coming ut of wwshiigton: "sequustration." && nd in less than two weekks that ord ould impact your life. 3 emmly schmidt joins us live - mooe. 3 1) what are the chances congrrss willlreach a deal the 3 chances congress will reach a deal to avvod sequestration?? 332) how id we get to the idea of ssquestration in the first plaae? 3 coming up... try it before you buy it.where you can go for a -3 free demo offthe hottest new -3&pexercise trend... ii our craze is sweepinn the nation. nation.original arlee shake nats nats 3 we show you what happees when some universiiy offmaryland watching fox 45 morning news.. - all locall. ll morning. 3& (((pat))move ooer gangnam style..there's new ppenomenonncandace is here 3 shake and it's popularity ago, few peoole had ever heard & of the "harlem shake,"...herr's what it'' alll about 3 harlem shake nats nats 3 the harlem shake was released last ay. the track has gone virall with aboot 10 million views.this week
is under 2% growth. if we don't resolve some of the debt ceiling and some of spending cuts and get into some of the fiscal order that you were talking about, we are going to have that wait on us. and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still at negative growth was 7%. so now you're up to 50% or so of world gdp that is a drag on the economy. how do you look at the broadest sense of contagion as it relates to emerging market growth, developing country growth with 50% of world gdp possibly in a situation? >> i think the trade figures tell it all. whether you agree with the figure on growth or not. i think the trade figures show what's happening. and there's no doubt picking one of the countries you mentioned, china. i mean, china for the last 20 years has been double-digit growth. last year they had one of the worst years in recent memory. we'll see the final figures coming out. it didn't get below 7%. but when you move from double-digit down to seven something percent, and one of the major drivers of that was their
. it was in the end game on the fiscal -- on the debt ceiling negotiations in 2011. literally july 27th, 2:30 in the afternoon, jack lew, who's in the white house chief of staff, rob neighbors, the head of congressional relations for president obama, went to see harry reid and proposed sequester. of course, everyone signed up to it, but it was designed to not happen. the cuts were perceived to be so draconian in domestic policy and in defense issues that no one would ever let this happen. it was the super committee, as you may remember, that was supposed to come up with more rational budget cuts. they failed. so we're stuck with -- it's kind of like being on a cruise ship with no power. >> where you have the captain and crew fighting each other and going around in circles. i don't get this, bob. you write this book about how the president and congress talk past each other. we have an election. we hear they might start talking together in a more positive sense. yet, here we have a situation that the defense industry hates, that advocates for the poor hate, that economists hate because you'r
beginning march 1st. part of the deal made with congress in exchange for raising the debt ceiling. then to find $1.2 trillion over 10 years. nondefense agencies will have to tighten spending by 9%. defense spending will take 13% hit for this fiscal year. some say the affects of the cuts are being exaggerated and some republicans have split opinions. >> there are many ways to do this but the president promised it wouldn't happen. he's the commander-in-chief. and on his watch, we're going to begin to unravel the finest military in the history of the world. >> the pentagon needs a thorough overhaul. i'm a hawk but i'm a cheap hawk. f 35 overrun problem, it is obscene and disgrace full and people will be demanding we fix the system. >> some federal watchers are saying the government agencies are putting out these outrageous cuts, these outrageous worst case scenarios to put public pressure on congress to come up with some sort of a deal. they do say the total amount of the budget cuts only amount to 3% of the federal budget. there's a subtext going on here. think maybe we should let s
Search Results 0 to 9 of about 10 (some duplicates have been removed)